https://www.taxtmi.com/article/detailed?id=2041 Recommend shifting fiscal support from consumption to capital subsidies, improving government spending efficiency and avoiding wasteful expenditure. Oppose retrospective amendments that reverse taxpayer-favourable rulings. Advocate presumption of taxpayer honesty by removing deeming provisions and requiring authorities to prove tax liability. Encourage capital accumulation through expanded savings and investment incentives, reduced tax rates, relaxed clubbing rules, reintroduced standard deduction for salaried persons, reduced TDS with greater reliance on advance tax, targeted TDS on suppliers to improve transparency, higher wealth-tax exemption, and broader simplification and result-oriented administration. en-us Tue, 26 Feb 2013 10:41:18 +0530 Tue, 26 Feb 2013 10:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2041 Recommend shifting fiscal support from consumption to capital subsidies, improving government spending efficiency and avoiding wasteful expenditure. Oppose retrospective amendments that reverse taxpayer-favourable rulings. Advocate presumption of taxpayer honesty by removing deeming provisions and requiring authorities to prove tax liability. Encourage capital accumulation through expanded savings and investment incentives, reduced tax rates, relaxed clubbing rules, reintroduced standard deduction for salaried persons, reduced TDS with greater reliance on advance tax, targeted TDS on suppliers to improve transparency, higher wealth-tax exemption, and broader simplification and result-oriented administration. Articles Income Tax Tue, 26 Feb 2013 10:41:18 +0530 https://www.taxtmi.com/article/detailed?id=2041